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ECB Looks to Defuse German Legal Timebomb Threatening Stimulus

From bnnbloomberg.ca

The European Central Bank’s most determined attempt yet to confront the German legal headache bedeviling its quantitative easing policy may emerge as soon as this week. That’s what its president, Christine Lagarde, hinted at after its June 4 decision, saying that the account of that meeting due to be published this Thursday will include a description of officials’ justifications for continuing the measure. A German newspaper says additional documents may also be published to support the ECB’s arguments. Policy makers are trying to address the demands of a constitutional court ruling that criticized Germany’s ... (full story)

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  • Category: Fundamental Analysis